The Washington Nationals are exploring the possibility of signing reliever Grant Balfour and are in the mix to signing him, reports Ken Rosenthal of FOX Sports. Although they already have Rafael Soriano, Tyler Clippard, and Drew Storen in the back end of the bullpen, they are in the running to sign Balfour. Rosenthal noted that the Nationals may want to trade Drew Storen in order to free up some salary.

The Philadelphia Phillies are reportedly interested in signing 35-year-old free agent outfielder Vernon Wells to a contract. Wells, who was recently released by the Yankees, has a career 104 OPS+ in his 15 seasons in the league. Over the past three years, however, Wells has posted a well below average 81 OPS+. A signing of Wells could be good for the Phillies, as he is a nice low-risk, high-reward type of signing.

The Cincinnati Reds and 31-year-old outfielder Grady Sizemore are in "advanced talks," reports Ken Rosenthal of FOX Sports. Rosenthal notes that other teams are still involved in the talks with Sizemore. Consider the Reds to be the favorite to sign Sizemore, but until he agrees to a deal, nothing is truly finalized. Sizemore has a career 120 OPS+ in eight seasons with the Cleveland Indians.